London hotels boosted profitability by 23.4% in December 2009, according to the latest monthly HotStats survey of 10 European countries.
Hotels in the UK capital increased total gross operating profit per available room (goppar) to €96.95, up from €78.55 in the same month of 2008.
London hotels achieved the highest occupancy in the survey (of 80.7%), the second lowest payroll costs, and the third highest average room rate (of €151.07).
Vienna was the second most profitable city for hotels, despite a 22.7% plunge in goppar to €73.85. A 6.1 percentage point boost to occupancy was undercut by a 13 % fall in average room rate and a 5.1 percentage point rise in payroll costs.
Berlin, Prague and Warsaw were the only other cities to increase gopppar during December 2009.
The figures are compiled each month by Tri Hospitality Consulting.
Annual HotStats hotel performance data
TRI Hotels 2007 UK >>
TRI HotStats: annual UK hotel figures >>
TRI HotStats: Hotels 2007 Europe >>
DECEMBER 2009
| Amsterdam | 2009 | 2008 | Movement |
| Occupancy | 60.6% | 55.8% | +4.8 points |
| Room rate | €146.73 | €154.83 | -5.2% |
| Revpar | €88.90 | €86.37 | +2.9% |
| Payroll % | 35.4% | 32.5% | +2.8 points |
| Goppar | €44.34 | €50.20 | -11.7% |
| Berlin | 2009 | 2008 | Movement |
| Occupancy | 62.3% | 63.2% | -0.9 points |
| Room rate | €119.63 | €124.03 | -3.5% |
| Revpar | €74.48 | €78.41 | -5% |
| Payroll % | 30.1% | 35.2% | -5.1 points |
| Goppar | €45.21 | €38.97 | +16% |
| Brussels | 2009 | 2008 | Movement |
| Occupancy | 70.3% | 67.5% | +2.7 points |
| Room rate | €109.23 | €123.26 | -11.3% |
| Revpar | €76.79 | €83.23 | -7.7% |
| Payroll % | 44% | 36.9% | +7.1 points |
| Goppar | €28.21 | €37.10 | -24% |
| Budapest | 2009 | 2008 | Movement |
| Occupancy | 48.7% | 49.3% | -0.6 points |
| Room rate | €79.86 | €91.58 | -12.8% |
| Revpar | €38.90 | €45.13 | -13.8% |
| Payroll % | 39.3% | 31.1% | +8.2 points |
| Goppar | €10.14 | €18.21 | -44.3% |
| London | 2009 | 2008 | Movement |
| Occupancy | 80.7% | 75.7% | +5 points |
| Room rate | €151.07 | €146.06 | +3.4% |
| Revpar | €121.88 | €110.50 | +10.3% |
| Payroll % | 23.5% | 26% | -2.5 points |
| Goppar | €96.95 | €78.55 | +23.4% |
| Munich | 2009 | 2008 | Movement |
| Occupancy | 65.8% | 63% | +2.8 points |
| Room rate | €98.21 | €104.35 | -5.9% |
| Revpar | €64.63 | €65.71 | -1.6% |
| Payroll % | 32.8% | 34.5% | -1.7 points |
| Goppar | €28.40 | €33.44 | -15.1% |
| Paris | 2009 | 2008 | Movement |
| Occupancy | 70.1% | 72.9% | -2.8 points |
| Room rate | €161.87 | €169.54 | -4.5% |
| Revpar | €13.47 | €123.63 | -8.2% |
| Payroll % | 43.1% | 37.8% | +5.3 points |
| Goppar | €57.79 | €58.10 | -0.5% |
| Prague | 2009 | 2008 | Movement |
| Occupancy | 54.6% | 52% | +2.6 points |
| Room rate | €95.36 | €102.50 | -7% |
| Revpar | €52.05 | €53.32 | -2.4% |
| Payroll % | 22.6% | 29.1% | -6.5 points |
| Goppar | €27.94 | €27.22 | +2.6% |
| Vienna | 2009 | 2008 | Movement |
| Occupancy | 80.3% | 74.2% | +6.1 points |
| Room rate | €154.57 | €177.75 | -13% |
| Revpar | €124.09 | €131.83 | -5.9% |
| Payroll % | 33.8% | 28.7% | +5.1points |
| Goppar | €73.85 | €95.54 | -22.7% |
| Warsaw | 2009 | 2008 | Movement |
| Occupancy | 56.8% | 49.9% | +6.9 points |
| Room rate | €77.55 | €85.11 | -8.9% |
| Revpar | €44.04 | €42.45 | +3.7% |
| Payroll % | 26.3% | 29.3% | -3 points |
| Goppar | €29.56 | €27.44 | +7.7% |
View the figures for November 2009 >>
View the figures for October 2009 >>
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View the figures for June 2009 >>
View the figures for May 2009 >>
View the figures for April 2009 >>
View the figures for March 2009 >>
View the figures for February 2009 >>
View the figures for January 2009 >>
View the figures for December 2008 >>
View the figures for December 2007 >>
View the figures for December 2006 >>
View the figures for December 2005 >>
Definition of terms
Occupancy is that proportion of the bedrooms available during the period which are occupied during the period.
Room rate is the total bedroom revenue for the period divided by the total bedrooms occupied during the period.
Revpar is the total bedroom revenue for the period divided by the total available rooms during the period
Payroll % is the payroll for all hotels in the sample as a percentage of total revenue
IBFCpar is the Income Before Fixed Charges shown per available room